Sovereign Sanchez, Technogym’s megalomania, concert for Mps, Testament by Franco Battiato
Not only Battiato, Mps, Banco Bpm, Sanchez, Le Pen, Biden, Sala, Technogym and more. Facts, names, numbers, curiosities and controversies. Bits of press review in the tweets of Michele Arnese, director of Start
WHAT A STATE CONCERT TREASURE FOR MPS
On Mps the rumors of a settlement by the government return to become clearer with a plan that would provide for a separation of the activities between several purchasers, not only Unicredit but also a possible participation of Mcc di Invitalia (Mef). (Corriere della Sera)
– Michele Arnese (@Michele_Arnese) May 19, 2021
CHESTNUT GETS WARM
Castagna (Bpm), an advocate of a "third pole" banking, read between the lines of the draft of the decree a conspiracy against his design and an assist from the Treasury to Unicredit, which would be 3 years old, and double incentives of 7 billion net, to swallow Bpm and part of Mps. (Rep)
– Michele Arnese (@Michele_Arnese) May 19, 2021
BANK RELIEFS
The Treasury gets another year of GACS from the EU: costs destined to fall. The banking system can partially breathe a sigh of relief. The OK for the one-year renewal of the GACS, the guarantees on the securitization of bad loans, is in the pipeline. (Sun)
– Michele Arnese (@Michele_Arnese) May 19, 2021
FOR ALESSANDRI TECHNOGYM IT IS HERITAGE OF HUMANITY. GULP
The TGH of Nerio Alessandri has started the sale of 5.96% of the capital of Technogym. The operation, reads a note, is aimed at ensuring that Technogym is increasingly considered "heritage of humanity" as a promoter of wellness. (Radiocor)
– Michele Arnese (@Michele_Arnese) May 19, 2021
NO ONE RUNS COUNT
According to the Rousseau association, a thousand people have decided to unsubscribe from M5s. The Movement responded by saying that the association, which refuses to provide membership data, is "tainting a noble story, a private entity is blocking a parliamentary force". (Done)
– Michele Arnese (@Michele_Arnese) May 19, 2021
NOBODY FOLLOWS BIDEN
After the hesitations of the European Union, the G20 also rejects the proposal to liberalize vaccine patents. The indication will emerge on Friday during the World Health Summit scheduled in Rome. (The print)
– Michele Arnese (@Michele_Arnese) May 19, 2021
THE NUMBERS ON VACCINES
Almost 12 million Italians over 60 have not yet been fully vaccinated against Covid (with all the necessary doses). 84.19% of the 60-year-olds are missing; 75.59% of people in their seventies; 20.28% of eighty-year-olds and 22.49% of ninety-year-olds. (Sun)
– Michele Arnese (@Michele_Arnese) May 19, 2021
HEALTHY ROOM?
Doctors and nurses for the Mayor's Hall with the list "Milan in health" pic.twitter.com/z04isUWD7o
– Michele Arnese (@Michele_Arnese) May 19, 2021
LE PEN SEEN FROM THE SUN
For the first time since the war, the victory of the extreme right of Marine Le Pen is not a hypothesis of paper: the reverse on Euroscepticism and the anti-euro crusade makes it for many, even on the left, a less repulsive option than in the past . (Cerretelli, Sole 24 Ore)
– Michele Arnese (@Michele_Arnese) May 19, 2021
Macron and macronism are losing pieces, they are at a minimum in consensus and fail to unite but divide political class and public opinion. Le Pen's victory is possible because in France the desire to mobilize to block the way is less disruptive. (Cerretelli, Sole)
– Michele Arnese (@Michele_Arnese) May 19, 2021
SANCHEZ SOVEREIGN
It is estimated that 8,000 migrants, including about a thousand minors, have crossed the border between Morocco and Spain and reached the Spanish enclave of Ceuta. Spanish Prime Minister Sánchez deployed the army to push back the migrants and went to Ceuta in person. (Gmi)
– Michele Arnese (@Michele_Arnese) May 19, 2021
BEATEN ACCORDING TO CAZZULLO
"Battiato was not on the right, and he was annoyed when they wrote it; but he was a convinced anti-Communist". (Aldo Cazzullo, Corriere della Sera)
– Michele Arnese (@Michele_Arnese) May 19, 2021
"He meditated twice a day and was a vegetarian. He believed in angels and other" intermediate gods ". Franco Battiato was perhaps really a madman, but a madman for God. For sure, Franco Battiato was a genius." (Aldo Cazzullo)
– Michele Arnese (@Michele_Arnese) May 19, 2021
CASTALDO SU BATTIATO
Songs of Battiato. "There isn't even one that explicitly speaks of love, except in the elusive meanings of which he was a master. A record, but also a project to demonstrate that songs can talk about everything, even the search for truth". (Castaldo, Rep)
– Michele Arnese (@Michele_Arnese) May 19, 2021
TESTAMENT OF BATTIATO
I leave impartiality to the heirs,
The will to grow and understand,
A fierce and indulgent look,
In order not to offend unnecessarily.I leave the happy years to friends,
Of the most daring reflections,
The mutual freedom of having no ties.(Testament, Franco Battiato)
– Michele Arnese (@Michele_Arnese) May 19, 2021
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THE AGI CARD ON FRANCO BATTIATO:
A refined and cultured musician-poet, who was also able to excite, deeply touching the human soul. An amazing career, that of Franco Battiato, started in 1964, when from Sicily he settled in Milan – "city of the fog where I found myself very well" – attending the cabarets where there were Paolo Poli, Enzo Jannacci, Renato Pozzetto and Bruno Lauzi, and ended two years ago, when his manager Francesco Cattini announces his retirement from the scene. In all these years Battiato frequents all musical genres, composes a lot of experimental music but also hugely successful songs, just remember his masterpiece album "La voce del padrone", the successful partnership with Alice in the 80s, the twenty-year collaboration with the collaboration with the philosopher Manlio Sgalambro, who gave life to some of the most intense pieces of Italian music. The most striking example is La cura, one of the most beautiful love songs ever composed.
The 60s are those of the protest song, but starting from 1971 the artist abandons the song format to devote himself completely to experimental music, making constant use of electronic instruments and sounds. In this period he published, along the first half of the seventies, some albums for the independent label Bla Bla including the debut Fetus (with the image of a fetus on the cover, censored at the time) which sells about 7000 copies . The following album, Clic, released in 1974, is entirely dedicated to the musician and friend Karlheinz Stockhausen. In that period the singer-songwriter met the musician Giusto Pio, with whom he formed a fruitful artistic partnership; Giusto Pio himself will give him many violin lessons in the years to come. For Ricordi, Juke Box was released the following year, the first collaboration with the violinist and conceived as the soundtrack of the TV movie Brunelleschi. Also in 1978, he produced the first album by the Venetian musician entitled Motor immobile. The last album released with Dischi Ricordi is Egypt before the sands. With the track of the same name (a 14-minute piano piece that repeats only one chord for the entire duration of the track), in 1979 he won the Stockhausen Prize for contemporary music. Commercial success and great notoriety arrived in the 80s with his masterpiece “La Voce del Padrone” (1981), an album full of quotes but catchy, which increased the number of his admirers. Unforgettable songs such as' Bandiera bianca ',' I look for a permanent center of gravity ', Cuccurucucu', which lead the album to climb the charts, reaching the first position in March, and continuously maintaining the primacy until the beginning of autumn. At the end of the year 'La voce del padrone' will turn out to be the first Italian album to have exceeded one million copies sold, exceeding all expectations of the author and the record company. From Rolling Stone magazine, the album is placed in second place, in the list of the 100 most beautiful Italian albums of all time. The 80s are also those of the musical association – one of the most popular in that period – with the singer Alice, (real name Carla Bissi). The two began to collaborate in 1980 with the release of the album Capo Nord, a consecration of their artistic and personal affinity, which will lead not only to the creation of amazing songs, but also to a friendship that will last throughout the life. And after the success of the single 'The hot summer wind', and the publication in 1981 in the homonymous album 'Alice', for the discovery of the musician from Catania, here comes the victory in Sanremo with the song 'For Elisa'. Among the duets that made us dream there are 'Chanson Egocentrique' of 1982 and 'The Trains of Tozeur' of 1984, with which they perform at the Eurofestival. In 1985, Alice dedicated the entire album 'Stolen Jewels' to what had become her teacher.
A lover of oriental philosophies and the Sufi, Battiato transfers his passion to music. In 'Parallel Lives' Battiato tackles the theme of reincarnation (already discussed in Caffe' de la Paix), of which the singer-songwriter is a firm supporter. The disc is promoted in many music broadcasts, winning the Targa Tenco as the best album of the year in 1999. The pieces 'Shock in my town', 'il mantello e la spiga' and 'vite parallele' were performed by Battiato, as opite fuori gara, at the 49th Sanremo Festival, in the presence of the philosopher Manlio Sgalambro and with Giusto Pio at the direction of 'orchestra. With this review Giusto Pio retired to private life, after having accompanied Battiato's artistic production in compositions, arrangements and conducting for over twenty years. At the dawn of the new millennium Battiato faces a new work suspended between pop and experimentation entitled 'Wrought iron', released again by EMI in the spring of 2001. In the disc we find a duet with the leader and singer of Simple Minds, Jim Kerr. Two years later, in May 2003, the musician receives from the President of the Republic Carlo Azeglio Ciampi the Medal for Meritorious Culture and Art, collected in the Quirinal Palace The new decade opens with the unusual participation of the artist at the Sanremo Festival, conducted by his friend and singer Gianni Morandi, but also sees a very successful tour with Alice, from February to April 2016: thirty-two Italian dates almost all sold out, with the accompaniment of the Ensemble S2017 Battiato holds his last concert at the Roman Theater of Catania; the last four tour dates are canceled for health reasons. In Battiato's life there was also a short space for politics: in 2012 he joined the regional council as Councilor for Culture but he will remain in office for little because some of his statements raise a lot of controversy and the president revokes him. assignment. “I'm neither right nor left, I'm at the top” Battiato later said in an interview on TV.
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EXTRACT OF AN ARTICLE OF THE REPUBLIC ON BANCO BPM AND MORE:
The draft decree, which extends the transformation of deferred tax assets into capital to June 2022, also extends the "construction" period for converting these uncertain receivables for timing and collections into assets from one to three years (the "Dta"). The draft then raised the maximum incentive from 2% to 3% of the total assets of the bank to be merged: a + 50% favoring banks with more DTAs, and more cumulative with those of the "preys". Like Unicredit, which would obtain an additional billion in capital in the event of a wedding both with Mps (3.4 billion in incentives) and with Banco Bpm (about 4 billion). While the small size of these assets in the financial statements of Banco Bpm and Bper would change nothing in a merger between them (almost one billion incentives). It appears from several reconstructions that Giuseppe Castagna, publicly engaged for months to negotiate with anyone, but also a convinced supporter of a "third pole", read between the lines of the draft a conspiracy against his design, and an assist from the Treasury to Andrea Orcel , new CEO of Unicredit, who would thus have three years, and double incentives of 7 billion net, to swallow at least part of the Mps network, and the whole bite of Banco Bpm, which in theory could make him more greedy. In theory, because the former UBS investment banker in the first month has dedicated himself to something else, without taking a pass on mergers. Castagna allegedly presented the matter to his board of directors on 6 May, finding wide consensus. Days later the Neapolitan banker came to Rome, for institutional meetings, by the economic head of the League, Giancarlo Giorgetti, and members of the Pd and M5s. To everyone it would have represented the potential asymmetries of the new "reinforced" text: especially on the extension to three years, seen as a way to try the wedding of three Unicredit-Mps-Banco Bpm, which he finds unmanageable (as years ago he refused a similar triangle with Ubi and Mps, dear to the Treasury). Politics would perhaps satisfy him: the League sees the Banco Bpm-Bper wedding well, iM5s are hostile to the sale of Mps, where "they" commands to Guido Bastianini. But the notice to the Treasury is different: both because the text may have already been agreed with the EU Antitrust, and because the public shareholder of MPS has a priority to privatize it within the year, convincing Unicredit.
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EXTRACT FROM AN ARTICLE FROM CORRIERE DELLA SERA ON MPS AND SURROUNDINGS:
On Mps the rumors of a settlement by the government return to become clearer with a plan that would provide for a separation of the activities between several purchasers, not only Unicredit but also a possible participation of Mcc.
In recent days, some statements by Bernardo Mattarella, managing director of Mediocredito Centrale (a 100% public bank), have also intervened in this sense, who told Repubblica that his institute would be willing to intervene, for example by taking over some branches in the South. In this context, Unicredit – the bank with which unofficial negotiations are entered into by the Treasury, a 64% shareholder of Mps – would take the largest part of Siena, that is the Tuscan area and central Italy and the north-east.
According to some indiscretions of sources familiar with the dossier, the Treasury would like to set up an operation before the results of the stress tests, expected by the end of July. However, there are still several issues to be clarified. First of all, there is the issue of the tax dowry in favor of Unicredit. Currently, in order to enjoy the advantages provided by the transformation of the so-called "dta" into tax credits (today equal to 2 billion per Mps), it is necessary to take control of the bank by December and reach the merger by June 2022. Under discussion in the Legislative Decree Sostegni bis c 'is an extension of the terms and of the tax bonus as well as the use of these benefits not only once but for all mergers carried out in the period of time covered by the law. According to observers, it would be a way to allow the bank led by Andrea Orcel to take over both Mps and possibly also Banco Bpm. But it is not yet certain that the rule will remain in the text that will be brought to the Council of Ministers tomorrow: the League would like to remove it. The table is still open.
Then there is the issue of lawsuits: the new judicial front that has flared up in Milan after the expert opinion of the gup Guido Salvini according to which Mps would have delayed the registration of npls for 11.6 billion is likely to be a new tile for the bank's assets. For this reason, there is a return to talk of the need to circumscribe them – the technical forms have already been identified – and to close a transaction with the MPS Foundation, whose petitum is worth 3.8 billion out of the 10 currently pending.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/mps-sanchez-sovranista-technogym-battiato/ on Wed, 19 May 2021 07:13:31 +0000.